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In the current year, Jill, age 35, recelved a job offer with two alternative compensation packages to choose from. The first package offers her a

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In the current year, Jill, age 35, recelved a job offer with two alternative compensation packages to choose from. The first package offers her a $92,400 annual salary with no qualified fringe benefits, employer provided health insurance, and requires her to pay $4,700 a year for parking and to purchase life insurance at a cost of $2,200. The second package offers an $81,200 annual salary, employer-provided health insurance, annual free parking (worth $440 per month), $200,000 of life insurance (purchasing on her own would have been $2,200 annually), and free flight benefits (she estimates that it will save her $6,200 per year). If Jill chooses the first package, she will purchase the health and life insurance benefits herself at a cost of $2,200 annually fofter taxes and spend another $6,200 in flights while traveling. Assume her marginal tax rate is 32 percent. (Use Exhibit 128 ) Pequired: a1. Which compensation package should she choose? a2. How much would she benefit in after-tax dollars by choosing this compensation package instead of the alternative package? b1. Assume the first package offers a $113,000 salary instead of a $92,400 salary, and the other benefits and costs are the same. Which compensation package should she choose? b2. How much would she benefit in after-tax dollars by choosing this package? Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Which compensation package should she choose? Complete this question by entering your answers in the tabs below. How much would she benefit in after-tax dollars by choosing this compensation package instead of the alternative packicage? (Round your intermediate computations to the nearest whole dollar amount.) Complete this question by entering your answers in the tabs below. Assume the first package offers a $113,000 salary instead of a $92,400 salary, and the other benefits and costs are the same. Which o she choose? Package 1 offers her $113,000 annual salary with no qualified fringe benefits. Package 2 offers $81,200 annual salary plus qualfied fringe benefits like health and lifo insurance bonefits, parking, flight tickets. b2. How much would she benefit in after-tax dollars by choosing this package? Complete this question by entering your answers in the tabs below. How much would she benefit in after-tax dollars by choosing this package? (Round your intermediate computations to the nearest whole dollar amount.)

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